Ford Announces Partnership With Red Bull and Return to F1 Racing
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Ford Announces Partnership With Red Bull and Return to F1 Racing
Ford Announces , Partnership With Red Bull , and Return to F1 Racing.
ESPN reports that Ford has confirmed it will
return to Formula One racing in 2026,
joining forces with world champions Red Bull.
On February 3, the United States automotive
giant announced it would be returning to
the sport at Red Bull's New York launch event.
ESPN reports that the deal combines
Ford's team with Red Bull's recently-formed
engine company, Red Bull Powertrains.
The new engine company is reportedly
already working on a power unit to meet
F1's new engine regulations for 2026.
The new engine company is reportedly
already working on a power unit to meet
F1's new engine regulations for 2026.
In 2021, Red Bull decided to start its own power unit
facility amid uncertainty over current engine
supplier Honda's long-term commitment.
.
ESPN reports that Red Bull and its sister team,
AlphaTauri, will continue to use Honda engines
until the current regulation cycle ends in 2025.
ESPN reports that Red Bull and its sister team,
AlphaTauri, will continue to use Honda engines
until the current regulation cycle ends in 2025.
In 2026, new power unit regulations will require
cars to rely on increased electrical power
and run on sustainable synthetic fuels.
.
The news today that Ford is coming
to Formula One from 2026 is great for
the sport and we are excited to see
them join the incredible automotive
partners already in Formula One, Stefano Domenicali, Formula One CEO, via ESPN.
They are a global brand with an incredible
heritage in the racing and automotive world
and they see the huge value that our
platform provides with over half
a billion fans around the world, Stefano Domenicali, Formula One CEO, via ESPN.
Our commitment to be Net Zero Carbon
by 2030 and to introduce sustainable fuels
in the F1 cars from 2026 is also an important
reason for their decision to enter F1, Stefano Domenicali, Formula One CEO, via ESPN
Shohei Ohtani’s Interpreter Fired , Amid Allegations of ‘Massive Theft’.
Ippei Mizuhara, the Dodgers' interpreter for Ohtani, was fired on March 20, ESPN reports. .
Ippei Mizuhara, the Dodgers' interpreter for Ohtani, was fired on March 20, ESPN reports. .
Mizuhara, a longtime friend of Ohtani, allegedly wired at least $4.5 million to a bookmaking operation in Southern
California to cover his gambling debts.
At first, a spokesman for Ohtani and Mizuhara
said that the baseball star purposefully transferred the funds to pay his friend's gambling debt.
At first, a spokesman for Ohtani and Mizuhara
said that the baseball star purposefully transferred the funds to pay his friend's gambling debt.
I dug myself a hole and it kept on
getting bigger, and it meant I had to
bet bigger to get out of it and just kept
on losing. It's like a snowball effect, Ippei Mizuhara, to ESPN.
Obviously, he [Ohtani] wasn't happy
about it and said he would help me
out to make sure I never do this again.
He decided to pay it off for me. , Ippei Mizuhara, to ESPN.
I want everyone to know Shohei had
zero involvement in betting. I want people
to know I did not know this was illegal.
I learned my lesson the hard way.
I will never do sports betting ever again, Ippei Mizuhara, to ESPN.
Later, both the spokesperson and
Mizuhara walked back their claims.
In the course of responding to
recent media inquiries, we discovered
that Shohei has been the victim of a
massive theft, and we are turning
the matter over to the authorities, Berk Brettler LLP, via statement.
Obviously, this is all my fault,
everything I've done. I'm ready
to face all the consequences, Ippei Mizuhara, via statement.
Southern California bookmaker
Mathew Bowyer, whom the wire transfers
were sent to, is also being investigated.
Sports betting is currently illegal in California
Credit: Wibbitz Top Stories Duration: 01:31Published
Jake Paul and Mike Tyson , to Face Off in July.
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
On July 20, Paul and Tyson will appear
as the main event for Netflix's first
foray into live combat sports.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
It remains unclear whether the match will be considered a pro fight or an exhibition bout.
Despite being considered one of the greatest
heavyweight boxers in history, Tyson will be
58 years old by the time the fight rolls around.
Paul, at just 27 years old, will be three
decades younger than his opponent.
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005. .
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005.
Credit: Wibbitz Top Stories Duration: 01:30Published
NFL Salary Cap , Rises $30.6 Million.
On Feb. 23, the NFL announced that its
2024 season salary cap will be $255.4 million per team, a record high, ESPN reports.
That is 13.6% more than last year's
cap and the largest single-year jump
since a cap was introduced in 1994.
The change could have a significant effect on the free agent market which opens in March.
That's because most teams were using salary cap projections between $240 million and $245 million
as budget guidelines for the new season.
For example, three teams that were
originally projected to exceed the cap,
the 49ers, Packers and Seahawks, should
now fall below the cap, ESPN reports. .
For example, three teams that were
originally projected to exceed the cap,
the 49ers, Packers and Seahawks, should
now fall below the cap, ESPN reports. .
For example, three teams that were
originally projected to exceed the cap,
the 49ers, Packers and Seahawks, should
now fall below the cap, ESPN reports. .
Part of the reason why the NFL was able to increase the cap so much is that the league has finally paid all player benefits that
were deferred amid COVID in 2020.
"An extraordinary increase in media revenue" also contributed to the increase, the NFL said.
Between 2013 and 2020, the salary
cap was increased by approximately
$10 million to $12 million each year.
Between 2013 and 2020, the salary
cap was increased by approximately
$10 million to $12 million each year.
It dropped by almost $17 million
in 2021 because of the pandemic.
But in 2022, it rose to $208.2 million,
and in 2023, it jumped to $224.8 million
Credit: Wibbitz Top Stories Duration: 01:31Published
Disney+ Loses 1.3 Million Subscribers , Following Price Hike.
Disney+ lost a significant amount
of subscribers in the last quarter
of 2023, 'Variety' reports. .
A price hike that was implemented
last fall was largely to blame. .
Disney+ Premium went from
$10.99 per month to $13.99 per month.
Hulu without ads went from
$14.99 per month to $17.99 per month. .
ESPN+ is now $10.99 per month
instead of $9.99 per month. .
Despite dropping subscribers, the company was able to narrow losses by $300 million during that time, 'Variety' reports. .
Disney says that its streaming business is on track to be profitable and "to meet or exceed our $7.5 billion annualized savings target by the end of fiscal 2024.".
Just one year ago, we outlined an ambitious
plan to return The Walt Disney Company
to a period of sustained growth and
shareholder value creation. , Disney CEO Bob Iger, via letter to shareholders.
Our strong performance this past quarter
demonstrates we have turned the corner
and entered a new era for our company, , Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders.
... focused on fortifying ESPN for
the future, building streaming into a
profitable growth business, reinvigorating
our film studios, and turbocharging
growth in our parks and experiences, Disney CEO Bob Iger, via letter to shareholders
Credit: Wibbitz Top Stories Duration: 01:30Published
Americans Are , Expected to Bet , $23.1 Billion on the Super Bowl.
Two-thirds of U.S. adults live in places where sports betting is legal, ESPN reports. .
On Feb. 6, the American Gaming
Association (AGA) released results of a
survey conducted by Morning Consult. .
2,204 adults were surveyed to find out if they'll be placing bets on this year's big game. .
AGA president and CEO Bill Miller issued
a statement about the survey results. .
As the Super Bowl comes to Las Vegas
for the first time, this year's record
interest in wagering marks a full circle
moment for the U.S. gaming industry. , AGA president and CEO Bill Miller, via statement.
Our priority remains getting this opportunity
right by providing the consumer protections
only a regulated market can guarantee and
investing in responsible gambling tools,
safeguards and education, AGA president and CEO Bill Miller, via statement.
26% of adult Americans could end up betting a combined total of $23.1 billion as the
Chiefs take on the 49ers at Super Bowl LVIII.
Eilers & Krejcik Gaming, a research firm, predicts that $1.25 billion worth of bets will be placed with American sportsbooks.
while 25% will be same-game parlays,
and 15% of bets will be made after kickoff. .
Last week, Caesars Sportsbook said that it received a
$1 million bet that the 49ers will win and a $100,000 bet
that the coin flip to start the game will be tails.
Last week, Caesars Sportsbook said that it received a
$1 million bet that the 49ers will win and a $100,000 bet
that the coin flip to start the game will be tails.
Super Bowl LVIII kicks off Feb. 11 at 6:30 p.m. ET
Credit: Wibbitz Top Stories Duration: 01:31Published
Bethenny Frankel says a man walked up to her in NYC and punched her square in the face ... and, it sounds like this is part of a concerning trend plaguing women.. TMZ.com
Austin Butler is teaming up with Darren Aronofsky for his next feature. Hot off his creepy villain turn in 'Dune: Part Two,' Butler is set to next star in the Aronofsky crime thriller 'Caught Stealing.' Acquired by Sony and based on the book by Charlie Huston, the film "follows Hank Thompson, a burned-out former baseball player, as he's unwittingly plunged into a wild fight for survival in the downtown criminal underworld of '90s NYC."
Credit: The Hollywood Reporter Duration: 01:11Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Visa and Mastercard Settle , Antitrust Suit Over Swipe Fees.
The two companies have reached a settlement with American merchants which could "save consumers tens of billions of dollars," NBC News reports.
Credit card companies collect
swipe fees to enable transactions.
These fees are passed on
by merchants to consumers.
The settlement is a result of a 2005 lawsuit
alleging that merchants pay exorbitant fees
to accept the companies' credit cards. .
In 2018, the credit card companies agreed to pay $6.2 billion in response to the lawsuit,
but two issues still needed to be resolved.
Those issues pertained to rules imposed by Visa
and Mastercard to accept their cards, and merchants who decided not to be included in the settlement. .
As part of the recent settlement, credit
interchange fees will now be capped into 2030.
The fees must also be negotiated
with merchant buying groups.
Over 90% of the merchants included in the settlement are small businesses, Visa said. .
The settlement must be approved by
the Eastern District Court of New York
but will likely take effect by early 2025
Credit: Wibbitz Top Stories Duration: 01:30Published
Mumbai overtakes Beijing to become Asia's leading billionaire hub with 92 billionaires and $445 billion wealth, driven by energy and pharmaceutical sectors. New.. IndiaTimes